Manley Feinberg told the more than 500 in-person and remote attendees of Directors Conference earlier this month about how his mother’s two rules are rules we should all live by. What were those rules? [...]
The pandemic is about to enter its third year, dominating our collective consciousness on a personal and business basis. At the beginning, financial institutions reacted quickly, developing new products and improving the digital experiences of [...]
The auto finance market has experienced an abundance of challenges over the last 24 months. The demand for used vehicles spiked in the aftermath of chip shortages, OEM shutdowns, and major labor shortages. Last year’[...]
House Financial Services Committee Chairwoman Maxine Waters, D-Calif., is challenging the National Credit Union Administration and other banking regulators to issue guidance requiring institutions to measure and manage climate risk—a thorny issue for the [...]
As an employer responsible for providing health benefits to your workforce, the rising cost of specialty drugs should be among your top concerns when it comes to controlling the cost of benefits. Total medical spending [...]
The movement that is financial inclusion, particularly in the era of the stubborn COVID-19 pandemic, cannot be undervalued. The potential to provide comprehensive reach to virtually all manner of financial products and services has been [...]
I can’t think of a more exciting time to be part of financial services and the credit union movement specifically. The industry is undergoing one of the greatest revolutions in our history. It is [...]
When we were kids we heard, read, and watched stories about bravery. My personal favorite was the story about David and Goliath. This Biblical story is simple in detail but beautiful in its narrative. It’[...]
The holidays are upon us, and if you’re anything like me, you are already overwhelmed trying to keep up with work while you prepare for holiday parties, find those perfect gifts, get the holiday [...]
The voting period for four contested CUNA Board of Directors elections has ended. Lori Herrick, District 1, Class A director will take office immediately and serve through the 2023 CUNA Annual General Meeting (AGM). All [...]
NAFCU Tuesday sent a Final Regulation Alert to members breaking down the NCUA’s final rule on mortgage servicing assets (MSA) – formerly known as mortgage servicing rights. The association's Final Regulation Alerts are member-only resources [...]
Despite concerns about upfront costs, a growing number of smaller financial institutions are preparing to implement technological upgrades, such as online loan closings and automated underwriting. A recently released survey of community banks, conducted by [...]
In my last blog post, I opened with my plans to plan for next year. I have to admit, I still have not gotten around to it, and I feel like time is just slipping [...]
Credit is an essential tool for building financial health and resilience. The problem with using an individual’s credit rating as a metric for financial trustworthiness is that the on-ramps to establishing credit are deeply [...]
Your credit score is calculated based off the information in your credit report. To create your score, the information is broken down into different categories or factors. These factors may be weighed differently based on [...]
